Archive for March 5th, 2013

NEW YORK (AP) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average has regained all the losses suffered during the Great Recession and...Read more »

NEW YORK (Reuters) – The Dow Jones Industrial Average closed at a historic high on Tuesday as major world stock markets rallied after China pledged record government spending to boost growth and data showed the U.S. service sector expanding at its fastest pace in a year.Read more »

At the end of his first overseas trip as Secretary of State, John Kerry acknowledged that despite the continued diplomacy and tough sanctions being leveled against Iran, the regime continues to get closer to possessing a nuclear weapon.Read more »

UNITED NATIONS (AP) — The world moved closer Tuesday to tightening sanctions on North Korea for its latest nuclear test after U.N. diplomats said the United States and China had reached agreement on a new draft resolution to punish the country. In response, Pyongyang threatened to cancel the 1953 cease-fire that ended the Korean...Read more »

Getting a driver’s license is a major milestone in a teenager’s life. While driving a car cause for celebration, it is also a huge responsibility that should not be taken lightly. As a parent, you understand that; the trick is often to get teenagers to understand that as well. That is why when you...Read more »

BERLIN (AP) — Commodities trader Glencore‘s net earnings fell 75 percent last year due to weaker sales prices and charges related to its holding in Russian aluminum maker UC Rusal, the company said Tuesday as it prepares to merge with mining company Xstrata PLC.Read more »

CARACAS, Venezuela (AP) — President Hugo Chavez is breathing with greater difficulty as a new and severe respiratory infection has taken hold, Venezuela’s government said, describing the cancer-stricken president’s condition as “very delicate.”Read more »

UNITED NATIONS (AP) — The United States and China have reached agreement on a new draft sanctions resolution to punish North Korea for its latest nuclear test, U.N. diplomats said late Monday.Read more »

JOHANNESBURG (Reuters) – South Africa‘s second-biggest bank, FirstRand, reported a 29 percent jump in first-half profit on Tuesday as earnings from lending and fees both grew by double digits.Read more »